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723 Mcmullan Avenue Unit 403, Edenton, NC, 27932

2beds
2baths
2,157sqft
$419,000
$194price/sqft
$2,884/moest. monthly cost
$115,360/yrincome needed

About This Home

This fabulous condominium is in the acclaimed renovation of the historic Edenton Cotton Mill, downtown Edenton's only condos. Impressive and thoughtful customization paired with soaring 17'+ ceilings, exposed beams, original hardwood floors, interior brick walls, and impressive 5'x12' double paned windows create a spectacular space sure to impress the most discriminating buyer. This unit features its own exterior door, private patio and reserved parking space steps away - one of only a few in the development - making coming and going super convenient! A large great room is open to the kitchen, and one bedroom is on the first floor. The staircase leads to a large open loft overlooking the living area, ideal for use as a den, office, or occasional overflow guest space. A bedroom, bathroom, and huge, enviable walk-in closet are upstairs. This condo is situated in the center of the Mill, and also has interior access to the building's hallway and common entry courts. It's just a short walk from the swimming pool and the private pier on serene Queen Anne's Creek. The creek is perfect for kayaks, canoes and observing Mother Nature's beauty. This condo is certainly one of the Edenton Cotton Mill's most convenient!

Getting Around

40
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

--
White Oak ElementaryGrades PK-28.0 mi
4/10
Chowan MiddleGrades 6-812.5 mi
3/10
John A Holmes HighGrades 9-120.7 mi

Construction

Condition

  • Year built: 1899

Materials

  • Foundation: Raised
  • Roof: Membrane
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Gas Oven,Refrigerator,Dishwasher
  • Laundry features: In Hall,Laundry Closet

Bedroom1

  • Level: Second

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • High Ceilings,Blinds/Shades
  • Flooring: Tile,Wood
  • Fireplace features: None

Great Room

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 2,157
  • Total interior livable area: 2,157 sqft

Kitchen

  • Level: First

Property

Details

  • Parcel number: 7804c3889004
  • Zoning: R5
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Fencing: None
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: Creek
  • Living area range: 2000 - 2199

Parking

  • Parking features: Parking Lot,Assigned,On Site

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Winter Weather
    Winter WeatherVery High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Winter Weather
Heat Wave
Lightning
Strong Wind
Coastal Flooding
Cold Wave
Inland Flooding
Tornado
Tsunami

FEMA Declared Disasters in Chowan County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,118$25,416
Home Insurance *$164$1,968
Property Taxes $402$4,824
Electricity $200$2,410
Total$2,884$34,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$98,880/yr
40% on housing$86,520/yr
45% on housing$76,906/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 15.9%
15.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$194This listing

vs Other Active Listings

Avg $/sqft

ZIP 27932$182
Chowan County$185

vs Homes Sold Last Month

Median $/sqft

ZIP 27932
Chowan County$183

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-18Price change$419,000
2025-06-12Price change$425,000
2025-03-28Price change$449,000
2024-06-17Listed for sale$460,000

For Sale by Agent

AgentMaryscott Haigler
BrokeragePerry & Co Sotheby's International Realty

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